Representative Finance: We are working to provide an integrated vision to address the economic and financial deterioration

Representative Finance: We are working to provide an integrated vision to address the economic and financial deterioration

11/13/2020 11:17:39

Representative Finance - We are working to provide an integrated vision to address the economic and financial deterioration{Baghdad: Al Furat News} The Finance Committee in the House of Representatives announced that it is working on providing an integrated vision for developing quick and realistic solutions to address the economic and financial deterioration in the country.
A statement of the committee stated that the Al Furat News Agency received a copy, “Despite the great effort made by the Parliamentary Finance Committee to reduce the government spending gap from 41 to 12 trillion dinars in the deficit financing law that was recently approved, we renew our objection to continuing to pursue an alternative borrowing policy. On finding real and effective ways and reforms to increase revenues and reduce expenditures, and what motivated us to accept this limit of borrowing is people’s livelihood and their strength in terms of salaries, grants, subsidies, medicine, support for farmers, provincial projects and other expenditures that we believe are of utmost importance and which are inevitable to accept.
He added, “While this law included some applicable legal texts, which we believe may be the beginning of reforming some financial institutions and movements in the short term, we are working on providing an integrated vision to develop quick and realistic solutions to address the economic and financial deterioration that the Iraqi state suffers from.” .
The Finance Committee called on “the government, with its various ministries and institutions, to adopt a policy that adopts economic feasibility as an attempt to achieve self-sufficiency, albeit partially, especially with regard to production or service ministries, and that it does not always make us face two options, either accepting the policy of borrowing or cutting off the livelihood of people from our great people.”

alforatnews.com